5 ms·

First of all, your assumption that producers of goods won't be able to raise prices is unsupported by economic theory - inflation is a real thing, and denying i

First of all, your assumption that producers of goods won't be able to raise prices is unsupported by economic theory - inflation is a real thing, and denying it seems silly. Secondly, if your theory on rent is true that by extension must lead to a rise in prices for goods, as commercial real estate costs go up and directly impact the cost of production.

nwah1 9y ago
It can affect it, but commodities like food are an international market. More importantly, a basic income increasing the pocket money of regular individuals is likely to raise residential rents, but may have no effect whatsoever on agricultural rents. Only a small portion of UBI recipients are going to be speculating on agricultural real estate.